Sign up | Log in



February 27, 2009

Indonesia sells $3bn debt in 2 tranches
Indonesia sold $3 billion worth of five- and 10-year debt at a discount in a dual-tranche transaction on Thursday, a source at one of the lead managers told Reuters.

The bigger tranche, $2 billion worth of 10-year debt, was sold at a spot price of 99.276, bringing a coupon of 11.625 percent and a yield of 11.75 percent.

The smaller tranche, $1 billion worth of 5-year paper, was sold at a spot price of 99.455, bringing a coupon of 10.375 percent and a yield of 10.50 percent. Lead managers of the deal are Barclays Capital and UBS.

Indonesia credit is rated "BB-" by Standard & Poor's and "Ba3" by Moody's Investors Service, both of which are three notches below investment grade status. Fitch Ratings has Indonesia at "BB", one notch higher.





Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited

submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand